Palantir Technologies Inc. said today it has made its big-data-crunching platform Foundry available on Google Cloud Platform and the Google Cloud Marketplace, giving more companies the opportunity to synthesize information for business operations.

The formerly very secretive company built Foundry as a software-as-a-service offering for enterprises that need to collect data from multiple sources and analyze it for insights. It originally focused on public-sector customers such as the U.S. Department of Defense, but has since evolved to serve numerous companies in the private sector too.

Palantir Foundry is used by organizations to collect information from databases, “internet of things” devices and other systems. This data is then centralized in a large repository where it can be organized and analyzed more easily. Palantir provides tools including machine learning algorithms to help companies with this, so they can find useful patterns in their information.

Using Foundry, companies can quickly build 360-degree views of key business objects and leverage business applications to drive more effective decision making, Google explained in a blog post today. The benefit of Foundry on Google Cloud is that companies will then be able to tap numerous services to enhance their data analytics operations.

For instance, a retailer would be able to implement Foundry’s inventory management workflows with Google Cloud’s Recommendations AI forecasting service to predict when popular items will go out of stock. That will help them adapt to supply chain disruptions, Google said. Moreover, by centralizing all of its data on sales, inventory and promotions in Foundry, grocery stores can reduce food waste and generate higher profits.

In a second example, Google said banks can use Foundry with Google Cloud’s services to better detect fraud and money laundering activities by aggregating their transaction data into a single repository. Google Cloud will provide the artificial intelligence tools needed to analyze this data to find patterns that might recognize illicit transactions.

Google Cloud elaborated on some other potential integrations too. For instance, customers can use Foundry with Google BigQuery to create a single source of truth for data-driven decision making. In addition, Foundry’s HyperAuto capabilities for SAP HANA integrate with Google Cloud’s Cortex Foundation with native BigQuery connectors. Through this, customers can bring SAP-based data into Cortex Framework and implement it through a robust reference architecture, so it can be analyzed and managed on Google Cloud.

Photo: Palantir

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